Nokia Corp. unveiled its first cell phone developed with China’s homegrown third-generation mobile technology Tuesday, saying it would aim to “democratize” the smart phone market by aiming to sell lower-priced handsets at higher volumes.
Has Nokia finally come up with a smart phone that can take on the Apple iPhone?
This morning, the company launched a new model called the N900 which is based on the company’s Linux-based Maemo 5 operating system.
Microsoft Corp. and Nokia Corp., once bitter rivals in the mobile market, formed an alliance to strengthen their positions at a time when other competitors have become far more troublesome.
The deal between the two companies will bring Microsoft’s Office programs and other software to Nokia phones. It is aimed squarely at the professional market that Research In Motion Ltd. targets so successfully with its BlackBerry line of smart phones.
Nokia Siemens Networks negotiated a shrewd $650 million agreement to buy the crown jewel of the bankrupt Nortel Networks–the shrinking, but highly profitable voice-only wireless technology called CDMA–together with an R&D group developing systems to upgrade carrier networks to ultra-broadband speeds.
Charter Equity Research analyst Edward Snyder today lifted his rating on Broadcom to Buy from Market Perform. In his research note, Snyder said he expects to see an increase this fall in the company’s revenue from the wireless segment as volumes rise in shipments of EDGE system-on-a-chip components to Nokia for its low-end phones.
Nokia shares are headed sharply higher this morning after the company indicated the worst may be over for the mobile phone business.
For the first quarter, the company posted revenue of 9.276 billion Euros, down 26.7 percent year over year, and 26.8 percent sequentially. Revenues from the device business were down 33.4 percent year over year, and 24.2 percent from Q4.
Are things picking up at Nokia?
Maybe… or at least, they seem to be getting worse at a decelerating rate.
RBC Capital’s Mark Sue this morning repeated his Outperform rating on the stock and lifted his price target to $16, from $12, asserting that the company’s operating margins in mobile device many have bottomed. “It’s been the most volatile global handset quarter since we can remember, yet the shock to the system seems to be dissipating,” he writes.
Dell CEO Michael Dell has done little to dispel rumors that his company is working on a mobile computing device. In fact, he all but confirmed them while traveling in Japan on March 24 when he said: “It is true that we are exploring smaller-screen devices.” What form those devices will take remains a matter of heated debate.
To the usual trappings that help many homeless people endure life on the streets–woolen blankets, shopping carts or cardboard box shelters–add the humble cellphone.
Today, it’s not unusual for the homeless to whip out Nokia 6085 GoPhones (with optional Bluetooth and USB connectivity), stop at a public computer to check email or urge friends to read their blogs.
How bad is the market for cellphones? Really bad. Worse than really bad.
RBC Capital’s Mark Sue this morning cut his Q1 forecast for global handset unit demand to 230 million, from 248 million, which would mean a sequential drop of 25 percent. For the full year, Sue now expects handset units to drop 18 percent.
The cellphone is the world’s most ubiquitous computer. With the dominance of the cellphone, a new metaphor is emerging for how we organize, find and use information. That metaphor is the map.
With nearly 2,000 “friends” on Facebook, I should be a regular visitor to the site. I am not. Instead, I prefer to use Facebook’s mobile application on my iPhone to send messages, update my status, upload photos taken on the go and sometime even scroll through the news feed to see what my friends are up to. We are at the cusp of a new era in which the mobile and the wired web converge.
Microsoft executives have long spun visions of a world where computer users can seamlessly share information between a PC, the Web, and a cellphone. But the company has made little progress in making that vision a reality–at least until now.
Nokia shares are taking a big hit ahead of the company’s fourth-quarter earnings report due Thursday morning.
Credit Suisse analyst Kulbinder Garcha this morning cut his 2009 handset industry sell-in forecast to down 10 percent, from a previous six percent. He also cut his EPS estimate an extra 13 cents–from 87 to 74–upon expectations of continued loss of demand and inventory.
A few hours before the global launch of Nokia’s latest high-end phone, the company gave a sneak peek at the gadget to a dozen bloggers and journalists gathered at its swank Midtown Manhattan concept store. With an elegant touchscreen that slid open to reveal a full keyboard, the device evoked lust in even the iPhone disciples present. So when can we get it in the U.S.?
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